Advanced Micro Devices, Inc. $AMD Stock Position Raised by CoreCap Advisors LLC

CoreCap Advisors LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,171 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,531 shares during the period. CoreCap Advisors LLC’s holdings in Advanced Micro Devices were worth $14,322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Artemis Investment Management LLP raised its stake in shares of Advanced Micro Devices by 18.3% in the 3rd quarter. Artemis Investment Management LLP now owns 213,096 shares of the semiconductor manufacturer’s stock valued at $130,364,000 after purchasing an additional 32,954 shares in the last quarter. Aletheian Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 28.6% in the third quarter. Aletheian Wealth Advisors LLC now owns 1,692 shares of the semiconductor manufacturer’s stock worth $1,035,000 after purchasing an additional 376 shares during the period. YHB Investment Advisors Inc. increased its stake in Advanced Micro Devices by 97.3% during the third quarter. YHB Investment Advisors Inc. now owns 2,803 shares of the semiconductor manufacturer’s stock valued at $1,715,000 after purchasing an additional 1,382 shares during the last quarter. Apella Capital LLC lifted its position in shares of Advanced Micro Devices by 15.6% in the 3rd quarter. Apella Capital LLC now owns 9,851 shares of the semiconductor manufacturer’s stock worth $6,362,000 after buying an additional 1,327 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its position in shares of Advanced Micro Devices by 8.9% in the 3rd quarter. Everhart Financial Group Inc. now owns 19,821 shares of the semiconductor manufacturer’s stock worth $12,451,000 after buying an additional 1,612 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Paul Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president directly owned 117,687 shares in the company, valued at $60,598,213.17. The trade was a 11.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Papermaster sold 28,811 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the sale, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. The trade was a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 213,838 shares of company stock valued at $105,533,836. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, August 3rd. Wells Fargo & Company upped their target price on Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $540.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Melius Research set a $660.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. Finally, Roth Capital increased their target price on Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $585.26.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD’s data-center revenue reportedly increased 107% year over year to $6.7 billion, underscoring strong demand for its AI accelerators and server processors. Global AI infrastructure spending is also expected to remain substantial. AMD Stock: Drops Despite Record Revenue and Surging AI Data Center Demand
• Positive Sentiment: TSMC reported record quarterly revenue, up 50% year over year, signaling that demand for advanced chips used by AMD and other AI companies remains robust. Nvidia, AMD, Intel Stocks Despite Record AI Demand
• Positive Sentiment: CEO Lisa Su’s meetings with Samsung and SK Hynix could improve AMD’s access to memory and manufacturing capacity as AI supply constraints persist. AMD CEO Says Continues to Explore Foundry Partnership With Samsung
• Positive Sentiment: Analysts remain constructive: BNP Paribas identified further upside from AMD’s CPU, AI accelerator and inference-chip opportunities, while Citi recently raised its price target. AMD Stock Isn’t Undervalued, but Wall Street May Be Underestimating a Key Opportunity
• Neutral Sentiment: AMD scheduled its third-quarter earnings report for November 3. Investors may remain cautious ahead of the release, which will provide an important test of AI demand, supply expansion and forward guidance. AMD Stock Slips Despite Setting a Date for Q3 Earnings
• Negative Sentiment: Higher bond yields and oil prices are pressuring richly valued growth and AI stocks, prompting investors to rotate out of semiconductor names across the sector. Why Are Intel and AMD Stocks Plunging on Thursday?
• Negative Sentiment: AMD’s valuation leaves little room for execution setbacks after its sharp rally. Concerns include whether future AI commitments will translate into repeat deployments, cash flow and sustainable margins. AMD’s Valuation Is Starting to Ruffle Feathers on Wall Street
• Negative Sentiment: Reported insider activity shows substantial selling and no open-market purchases over the past six months, adding to investor caution even though such sales may reflect scheduled diversification.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $25.18 during midday trading on Thursday, hitting $620.68. 23,402,461 shares of the company’s stock were exchanged, compared to its average volume of 32,602,393. Advanced Micro Devices, Inc. has a twelve month low of $188.22 and a twelve month high of $658.52. The firm has a market cap of $1.01 trillion, a P/E ratio of 159.56, a PEG ratio of 6.73 and a beta of 2.45. The stock’s 50 day moving average price is $523.60 and its 200-day moving average price is $455.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.31 billion. During the same period last year, the firm earned $0.48 EPS. The firm’s revenue was up 50.1% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.43 EPS for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded devices and other specialized markets.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics products, and Instinct accelerators designed for artificial intelligence and high-performance computing workloads.